A better escape we have is to drastically inflate the limits we have on immigration -- for workers.
Much of the supply of labor shortage that has led to inflation is in the food services, construction, landscaping industries; Of which, the US uses h2b migrant visa to seasonally fulfill some of; but that has led us to competition amongst the states, with a high fee, low local reinvestment rate.
Aging population is a global problem, but I agree this is a solution for wealthy countries. Will it actually happen? Maybe in the U.S, but it seems many other countries are trending anti-immigrant. We will see.
It works only for rich diverse countries (US, Canada). For countries like South Korea or Japan, it would be painful for those societies to bring in a huge number migrants they need.
Much of the supply of labor shortage that has led to inflation is in the food services, construction, landscaping industries; Of which, the US uses h2b migrant visa to seasonally fulfill some of; but that has led us to competition amongst the states, with a high fee, low local reinvestment rate.